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Gray Television Inc. Message Board

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  • It is critical that GTN hold above $10.80.......if we dip below on strong volume it will go to $9 real quick IMVHO. After the last three days holding $11.07, $11.07 and $11.10 yesterday for low of the day, it was starting to show some support. The overall market plunge may take it down. DaninFW

    Sentiment: Strong Sell

  • Reply to

    $10.80

    by daninfw04 Jan 24, 2014 9:51 AM

    You should have been shorting this sector since you called it to top.

  • I took a quick look t five broadcasting stocks that I follow and looked at some I didn't follow like Gannett which acquired Belo. Gannett hasn't even fallen 10% from it's 52 week high but also is not a pure play in broadcasting. They have newspapers which is even worse IMVHO. EVC is not a pure play as they are about 35% radio. Here is the amount this sector has fallen from 52 week highs:
    EVC 15.96%
    SBGI 19.71%
    NXST 20.05%
    LIN 21.27%
    MEG 25.95%
    GTN 28.08%
    Kind of scary when you realize they have fallen this much in about 2 weeks. EVC on Friday started showing major weakness and will probably drop to $5.50+/- this next week. MEG and GTN have always been more volatile. But, if you look at LIN, NXST and SBGI they are all almost within 1% difference. I see a lot more weakness in the market this next week. Starting to look ugly for tomorrow. DaninFW

  • Reply to

    Analysis

    by daninfw04 Jan 26, 2014 9:56 AM

    Unfortunately GTN had a HUGE run up over the past few months. EVC did not have all the hype which you were championing. Chart the past 6 months GTN is still far overvalued and EVC is still well under... GTN is erratic. EVC is steady, but down and now quite cheap.

    Short them!

  • Reply to

    Analysis

    by daninfw04 Jan 26, 2014 9:56 AM

    I was not hyping EVC. It was just a cheap poorly managed company due for a bounce. I also called it right and it popped and then I said to dump. It dropped over a dollar. You are on the EVC board saying to dump and here to buy? Nuts. DaninFW

  • Dan, just in case you are not aware, Copperman will be on Squak Box tomorrow on. Bought some SD today.

    Dan T.

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    Good luck today. I was on the road yesterday. DaninFW

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    Dan, Copperman is an impressive gentleman and quite bullish on SD.

    I exited today and profited a little over $17,000. Given the cold weather and increasing price on NG, looks like SD could also play as a short to mid term hold.

    i have put my eggs back into KO this afternoon at an entry of $37.89, hope to be out tomorrow or Friday with a quick profit, will see.

    Hope your day was profitable.

    Dan T.

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    Congrats, I was able to buy quite a bit in pre-market as I missed the day before. Only made $6K as I also sold yesterday at $6.45.....Thanks for alert as I missed it traveling. DaninFW

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    Pleased to have done something for you. As stated before, always read your posts with great interest.

    Dan T.

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    Ever since Moody's decided to lump GTN with another t.v. stock that I follow, I have enjoyed watching this board (and watching this stock bounce off of $11). The Discovery Channel stock seems to lead the direction of these littler t.v. media companies. It is having a good day today with its Full Stochatics turning up, so I think that forbodes well for this sector. Aereo is a prospect worth noting, but I think Wells Fargo is right that the whole sector was way oversold in January. To me, this story was just used for institutions to re-buy in not at the top. Soon, those tops will be re-challenged and taken out by our friend Yellen.

    Sentiment: Buy

  • Reply to

    Note to DANIFW

    by mcbdan Jan 27, 2014 2:25 PM

    No NO NO!

    Short Them all!

    Dan is with me...

  • Dan, Value, I'd appreciate any thoughts you may have on the next six months of GTN. Market conditions could certainly push the entire market down but putting that aside, I'd like to hear any feedback you may have..
    Smallworld, if you can provide some of your charts, that would be great too.

  • Reply to

    six months

    by gtnrules Feb 4, 2014 9:20 AM

    I'm sure Value and I have opposing views but I am really concerned about the Aereo issue. Again, doesn't matter if ultimately broadcasters win...... the possibility they may not will put a lid on things. And today while market was up sector was down again........he reason can be found on SBGI news article. The new head of the FCC disclosed that he is wanting to do away with ownership of more than one station per market. This was quite a surprise to me and IMVHO has not been seen by many investors since news just showed up under SBGI and one or two other broadcast stocks. It may well end the Albritton deal. Now, the sector has to worry about Aereo AND the FCC. No question they will make future M&A more difficult which is part of what drove the sector. I am also concerned that we might see another 5%+ correction which LT would be good for the market. I think odds 50-50 we will see GTN below $10 very soon perhaps by end of this week. The FCC news today is a big deal........watch and see. DaninFW

    Sentiment: Strong Sell

  • Wells Fargo upgraded GTN to Outperform this morning. May be an opportunity to catch a nice bounce before it dips again. Entire sector looks to be way down today because of FCC news yesterday. DaninFW

    Sentiment: Strong Sell

  • Reply to

    Upgrade

    by daninfw04 Feb 5, 2014 8:54 AM

    GTN up 80 cents on less than 5,000 shares in regular trading. Entire sector is down.......dump while you can. DaninFW

    Sentiment: Strong Sell

  • Reply to

    six months

    by gtnrules Feb 4, 2014 9:20 AM

    Interesting feedback. Thanks Dan. I didn't see that info on SBGI but I will read through it. Love to hear Value's thoughts too.

    Smallworld, please send your charts.

    Appreciate the assistance. Always great info Dan.

  • Reply to

    Upgrade

    by daninfw04 Feb 5, 2014 8:54 AM

    Dan, Why THE Heck Would any respected analyst Think This Sector Is Any good?

    This is pure insanity, and I wish you had seen it coming! My shorts are killing me this morning!

    Are you rethinking your strategy?

    I hope you are not buying when you tell everyone to sell? This is painful.

  • Reply to

    Upgrade

    by daninfw04 Feb 5, 2014 8:54 AM

    I have said before I am waiting for sector to bottom and see support for at least 2-3 days. Otherwise, it's just a falling knife. DaninFW

    Sentiment: Strong Sell

GTN
11.69+0.07(+0.60%)Apr 23 4:04 PMEDT

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